Fed Rate Cut Hopes Boost Stocks
Update: 2025-12-05
Description
US stocks edged up on Thursday, bolstered by positive jobs data and anticipation of a Federal Reserve interest rate cut in December. The Dow Jones Industrial Average and S&P 500 both gained around 0.2%, with the Nasdaq Composite following suit. Investors are increasingly confident in a rate cut, driven by supportive Fed comments and weaker-than-expected economic reports. Jobless claims unexpectedly dropped, but corporate layoffs hit a three-year high. Markets await Fridays PCE inflation reading to gauge rate cut optimism. In company news, Salesforce shares surged on raised outlook, while Snowflake stock plummeted due to disappointing revenue guidance. Upcoming earnings reports from retailers and Hewlett-Packard Enterprise will provide further economic insights.
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